bitcoincollapse
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05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
03/25/2022
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By Arsenio Toledo
Canadian authorities find they are unable to seize Bitcoin donations made to Freedom Convoy protesters
The Canadian government is attempting to seize all of the funds raised by the anti-Wuhan coronavirus (COVID-19) lockdown and vaccine mandate Freedom Convoy protesters. Unfortunately for them, they are having a hard time retrieving donations made through cryptocurrencies like Bitcoin. The measures taken by Canada to suppress the Freedom Convoy protests are considered unprecedented for […]
03/04/2022
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By Ramon Tomey
Off the radar: Indicted BitConnect founder Satish Kumbhani disappears
The founder of a cryptocurrency company linked to a billion-dollar Ponzi scheme is nowhere to be found. Satish Kumbhani reportedly disappeared following his indictment over an alleged $2.4 billion Ponzi scheme. The Securities and Exchange Commission (SEC) acknowledged the BitConnect founder’s disappearance in a Feb. 28 filing. Senior trial counsel Richard G. Primoff wrote in the filing […]
12/08/2021
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By Matthew Davis
Hackers steal $196 million from crypto trading platform Bitmart
Blockchain security and data analytics firm Peckshield on Saturday, Dec. 4, revealed that hackers have taken $196 million from crypto trading platform Bitmart. Bitmart confirmed the hack in an official statement, branding it “a large-scale security breach” and saying that hackers withdrew about $150 million in assets – which is less than the estimate of Peckshield. Following […]
07/14/2018
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By Russel Davis
Have YOU been “cryptojacked?” Bitcoin miners are hacking computers; experts explain how to find out if you’ve been hit
Computer users may want to double check if something – or someone – is latching onto their devices, as experts recently raised the alarm on cryptojacking. Tech experts defined cryptojacking as an online activity that aims to exploit an untapped resource to develop an alternative revenue stream for games or media sites and simultaneously reduce the need to […]
06/20/2018
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By Vicki Batts
Expending over 60 TERAWATT hours of electricity per year, Bitcoin can still only average 3.3 transactions per second… DOOMED to failure
Is Bitcoin worth the hype? According to new reports from the Bank of International Settlements (BIS), Bitcoin and other cryptocurrencies are doomed to fail. The BIS study, aptly named “Looking Beyond The Hype,” investigated whether or not cryptocurrencies can sustain their role as money. Based on their findings, the BIS has ultimately concluded that cryptocurrencies […]
04/20/2018
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By David Williams
“Tamper-proof” cryptocurrency wallet just backdoored by a 15-year-old self-taught programmer
Cryptocurrency wallets were invented to allow those who owned cryptocurrencies, such as Bitcoin, to have an easy way to store and access them via hardware. For a long time, the makers of these devices marketed their products as tamper-proof and capable of keeping any and all of their contents safe. But as it turns out, […]
02/08/2018
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By Ethan Huff
If you bought Bitcoin, you may have accidentally funneled money to the CIA
Is Bitcoin a truly anonymous digital currency developed for the sole purpose of giving people freedom from the central banks, or was it actually hatched by the “deep state” in order to secretly fund international missions by the CIA and MI5? A Russian cybersecurity expert is alleging the latter, according to slides obtained from a […]
01/16/2018
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By Ethan Huff
The Health Ranger was right: Bitcoin’s usefulness as a payment system COLLAPSES
High fees, slow transaction times, and unpredictable volatility are among the main reasons why some companies are reportedly deciding to abandon ship when it comes to using Bitcoin. As Mike Adams, the Health Ranger, has been predicting, Bitcoin’s future as an everyday method of payment is on the ropes as trends could be moving towards […]
01/15/2018
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By Ethan Huff
Cryptocurrency is now breaking the power grid of a U.S. county as electrical consumption for Bitcoin mining reaches “insane” territory
The amount of electricity required to mine and transact Bitcoin is now so high that a small county in Washington state is having to kick production into overdrive. According to reports, Douglas County, located in almost the dead-center of the state, has some of the cheapest electricity rates in the country, and this has created heavy […]
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